IHS Chemical Week

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January 29, 2014
Phillips 66 (Houston) reports that fourth-quarter earnings for the chemicals segment, its 50% stake in Chevron Phillips Chemical (CPChem), increased 6% year-on-year (YOY), or $15 million, to $261 million. The company cites gains in CPChem’s olefins and polyolefins business and joint ventures, offset by results in the specialties, aromatics, and styrenics business....
http://www.chemweek.com/regions/north_america/Phillips-66-chemical-earnings-up-6-percent-YOY-on-olefins-polyolefins_58395.html
January 29, 2014
Praxair today announced its fourth-quarter earnings, showing gains due to strength in North American markets and the energy industry, specifically hydrogen plants. Net income was $474...
http://www.chemweek.com/regions/north_america/Praxair-earnings-up-on-strength-in-energy-announces-share-repurchase-program_58392.html
January 29, 2014
PolyOne announced its fourth-quarter earnings, which feature organic growth across all platforms. Net income increased almost seven-fold, to $24.6 million—partially due to the...
http://www.chemweek.com/regions/north_america/PolyOne-sales-earnings-up-on-Spartech-acquisition_58378.html
January 28, 2014
Albemarle today reported fourth-quarter adjusted earnings of $88.4 million, or $1.08/share, down 16% year-on-year (YOY), but ahead of analysts' consensus estimate of $1.04/share as...
http://www.chemweek.com/regions/north_america/Albemarle-earnings-fall-YOY-but-beat-estimates_58379.html
January 28, 2014

BASF plans to build a methylglycinediacetic acid plant at Evonik’s Theodore, AL, site, citing strong demand for chelating agent. The investment will total about $90 million, and start-up is planned for second-half 2015.

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http://www.chemweek.com/regions/north_america/BASF-to-build-chelating-agent-plant-at-Evoniks-Theodore-AL-site_58357.html
January 28, 2014
The European Union and 13 other members of the World Trade Organization (WTO; Geneva), including the United States and China, have pledged to launch negotiations within the WTO to...
http://www.chemweek.com/regions/north_america/us/WTO-members-start-initiative-to-reduce-tariffs-on-green-goods_58354.html
January 28, 2014
Koppers announced today that it has signed an agreement with Norfolk Southern (Elizabethport, NJ), a railway transportation company, to extend its two existing sales contracts to...
http://www.chemweek.com/regions/north_america/Koppers-extends-sales-contract-with-NJ-railroad-company_58377.html
January 28, 2014
Praxair today announced that it has signed a long-term contract to supply industrial gases to Companhia Siderúrgica do Pecém’s (CSP; Fortaleza, Ceará State...
http://www.chemweek.com/regions/south_america/brazil/Praxair-to-build-cryogenic-plant-for-Brazilian-steel-mill_58375.html
January 28, 2014
Kraton Performance Polymers has entered into a definitive agreement to combine with the styrenic block copolymer (SBC) operations of LCY Chemical (Taipei), which had been earlier known...
http://www.chemweek.com/regions/north_america/us/Kraton-to-merge-with-styrenic-block-copolymer-business-of-LCY-Chemical_58351.html
January 28, 2014
Eastman Chemical (Kingsport, TN) has agreed to acquire BP’s $100-million/year global aviation turbine engine oil business, Eastman announced on 28 January. The acquisition will expand Eastman’s aviation products portfolio, which currently comprises its Skydrol aviation hydraulic fluids. Financial terms of the deal, which is expected to close in the second quarter, have not been disclosed....
http://www.chemweek.com/regions/north_america/Eastman-buys-BPs-aviation-turbine-oil-business_58361.html
January 28, 2014
ACC today released its monthly chemical activity barometer (CAB), showing continued growth and an improving US economy. The January CAB ticked up to 94, increasing 0.2% over December...
http://www.chemweek.com/regions/north_america/ACCs-Chemical-Activity-Barometer-posts-January-increase_58360.html
January 28, 2014
Air Products reported net income $287 million, up 4% year-over-year (YOY) on gains in its electronics and performance materials, and equipment and energy segments. Reported earnings of...
http://www.chemweek.com/regions/north_america/Air-Products-earnings-up-on-strong-electronics-and-performance-materials_58359.html
January 27, 2014
Ashland posted net income from continuing operations of $111 million for the quarter ended 31 December—up 9% year-over-year (YOY) on higher volumes in each of its units. Earnings...
http://www.chemweek.com/regions/north_america/Ashland-reports-flat-sales-announces-restructuring_58347.html
January 27, 2014
Cabot today announced that it has signed a contract to provide its Darco Hg-brand family of activated carbon products to a power generator in the US. The company says this is the first...
http://www.chemweek.com/regions/north_america/Cabot-signs-activated-carbon-contract-with-Midwestern-utility_58333.html
January 27, 2014
The Society of Chemical Manufacturers and Affiliates (Socma) has announced that J. Steel Hutchinson, president and CEO of GFS Chemicals (Columbus, OH), a specialty organic and...
http://www.chemweek.com/regions/north_america/Socma-names-board-of-governors-chairman_58344.html
January 27, 2014
Argentina's basic chemicals output in December 2013 fell 4.7% year-on-year (YOY), according to the latest figures released by state statistic office Indec (Buenos Aires). Production...
http://www.chemweek.com/regions/south_america/argentina/Argentinas-basic-chemical-output-down-4-7-percent-in-December_58329.html
January 27, 2014
Toray Industries says that it has decided to expand the production capacity for Torayca prepreg at its Toray Composites America (TCA; Tacoma, WA) subsidiary. Torayca is Toray’s...
http://www.chemweek.com/regions/north_america/us/Toray-to-expand-carbon-fiber-prepreg-capacity-in-US_58322.html
January 24, 2014
Phillips 66 (Houston) is to proceed with its Cross-Channel Connector project, which will increase the capacity of pipelines carrying refined products from the south side of the Houston Ship Channel to transportation systems operated by Magellan Midstream Partners and Kinder Morgan Energy Partners on the north side....
http://www.chemweek.com/regions/north_america/Phillips-66-to-go-forward-with-Cross-Channel-Connector_58305.html
January 24, 2014
The Environmental Protection Agency (EPA) announced today that it has added 50 chemicals, including 40 fragrance chemicals, to its Safer Chemical Ingredient List (SCIL). The SCIL was...
http://www.chemweek.com/regions/north_america/EPA-adds-50-chemicals-to-Safer-Chemical-Ingredient-List_58307.html
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